IRAN'S NOUR reported Iranian parliament speaker Ghalibaf said the Strait of Hormuz will not reopen until Iran's conditions are met and the US can no longer "stall".

On Oct 4 a China University of Geosciences (Beijing)-led team, with the Nepal Academy of Sciences, will depart Chengdu for a roughly 20-day cross-border emergency scientific survey in Nepal to assess cryosphere and lithosphere impacts from the Aug.26 Himalayan extreme geological disaster across the overseas source area, affected domestic bodies and downstream foreign basin, and to deliver Chinese scientific proposals for cross-border joint prevention and control.

CITIC Securities says AIDD companies are generally at an early stage and the industry may be entering an accelerated growth phase. It identifies three commercial models in AI biotech: SAAS-only software providers; AI-enabled CROs offering drug screening and evaluation services; and AI-originator drug companies that use platforms to design drugs and advance pipelines. Most firms currently combine models and the overall AI drug market remains small, but greater capital inflows, technology iteration and validation as AI drug pipelines reach the market should support a transition to a harvest/accelerated growth period.